The direct labor efficiency variance is the difference between the standard hours allowed and the actual hours multiplied by the actual labor rate
Indicate whether the statement is true or false
F
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Why is depreciation expense added back to net income in the operating section of the indirect cash flow statement?
a. Depreciation expense represents cash outflows for a firm. b. Depreciation expense represents cash inflows for a firm. c. Depreciation expense represents a noncash expense that must be moved to the investing section of the cash flow statement. d. Depreciation expense represents a noncash expense that must be added to net income to cancel its affect within the net income calculation. e. Depreciation expense represents a cash expense that must be added to net income to cancel its affect within the net income calculation.
Answer the following statements true (T) or false (F)
1. Microfinance is the process in which small loans are given to entrepreneurial individuals in developing countries in order to develop income which will benefit the individual as well as the local village through poverty reduction. 2. One of the unique aspects of microfinance loans is that only a small amount of collateral is needed and the loans are usually repaid between two to five years. 3. The payback rate for microfinance loans is between 60 and 65%. 4. The underlying foundation to the concept of Fair Trade is that a free market based trade system does not always produce sustainable livelihood for the farmers and other members of the global food chain. 5. Human rights such as civil rights, property rights, and labor rights do not have a direct impact on the strategic focus of a firm.
Answer the following statements true (T) or false (F)
1. While globalization, decentralization and the need for greater flexibility are important pressures in U.S. industrial relations, they are relatively unimportant issues for most other industrialized countries. 2. Many Canadian workers are represented by U.S. unions in their dealings with their employer. 3. There is a common set of labor laws governing labor relations across each of Canada's provinces. 4. In Canada, each province has its own labor laws that governs their labor relations. 5. Establishing and maintaining a union is easier under Canadian law than under U.S. law.
List and explain the three attributes (often referred as the impossible trinity) an ideal currency would possess if existed in today's world
What will be an ideal response?